Deutsche Bank Aktiengesellschaft Trims Big Lots (NYSE:BIG) Target Price to $31.00

Big Lots (NYSE:BIG – Get Rating) had its price objective reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $44.00 to $31.00 in a note issued to investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 18.19% from the company’s current price.

BIG has been the subject of a number of other research reports. Bank of America reduced their price target on Big Lots from $31.00 to $25.00 and set an “underperform” rating for the company in a report on Tuesday. Telsey Advisory Group cut their price target on shares of Big Lots from $50.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Big Lots from $40.00 to $36.00 and set a “sell” rating on the stock in a report on Monday, March 7th. Zacks Investment Research raised shares of Big Lots from a “sell” rating to a “hold” rating and set a $37.00 target price for the company in a research note on Tuesday, April 12th. Finally, Piper Sandler lowered their price objective on Big Lots from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Big Lots has an average rating of “Hold” and an average target price of $32.56.

Shares of BIG opened at $26.23 on Wednesday. Big Lots has a one year low of $24.87 and a one year high of $73.23. The stock has a 50-day moving average of $34.49 and a two-hundred day moving average of $39.38. The stock has a market cap of $749.08 million, a P/E ratio of 5.04, a P/E/G ratio of 0.52 and a beta of 2.12.

Big Lots (NYSE:BIG – Get Rating) last posted its earnings results on Thursday, March 3rd. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.14). Big Lots had a net margin of 2.89% and a return on equity of 16.21%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $2.59 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities research analysts predict that Big Lots will post 4.74 EPS for the current fiscal year.

In related news, EVP Nicholas E. Padovano sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $38.39, for a total transaction of $34,551.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicholas E. Padovano sold 4,300 shares of the stock in a transaction that occurred on Wednesday, April 6th. The shares were sold at an average price of $34.30, for a total transaction of $147,490.00. Following the completion of the transaction, the executive vice president now owns 25,979 shares in the company, valued at $891,079.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,000 shares of company stock worth $349,918. Insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barnett & Company Inc. acquired a new stake in shares of Big Lots during the fourth quarter worth about $28,000. Vident Investment Advisory LLC lifted its stake in Big Lots by 22.7% in the third quarter. Vident Investment Advisory LLC now owns 33,778 shares of the company’s stock valued at $1,464,000 after buying an additional 6,238 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Big Lots in the third quarter valued at approximately $631,000. Connectus Wealth LLC purchased a new position in shares of Big Lots during the fourth quarter worth approximately $818,000. Finally, Jump Financial LLC acquired a new position in shares of Big Lots in the 3rd quarter valued at $1,649,000. Institutional investors own 94.42% of the company’s stock.

About Big Lots (Get Rating)

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, specialty foods, and pet departments.

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